Shoring up

How is the industry approaching a worker shortage? Market Moves: Manufacturing | View online   December 16, 2023 From the Editor Hello and welcome back to Market Moves Manufacturing, a biweekly newsletter covering the latest news from Endeavor Business Media brands. In this edition, we start by examining reshoring efforts, new jobs, and the struggle to replace retiring Gen Xers and Boomers with a generation largely uninterested and unfamiliar with the industry. We’ll also cover how manufacturers are focusing on cybersecurity initiatives, the upsides of automation for smaller shops, and the challenges presented by AI integration. If you enjoy this newsletter and want more, consider subscribing to the other Market Moves on cybersecurity, infrastructure, strategy, energy, and electric vehicles right here. – Jennifer Ramsay What are the obstacles to reshoring? US manufacturing is moving in the right direction, but too slowly. FULL ARTICLE From American Machinist Thank reshoring, foreign investments for new job creation Nearly 300,000 jobs are projected, largely from greenfield chipmaking and EV battery plants as a result of U.S. industrial policy and manufacturers assessing "geopolitical risk," countering a long "offshoring" cycle. FULL ARTICLE From Material Handling & Logistics Only 14% of procurement leaders have enough talent to meet future needs Gartner survey shows business acumen and technology have gained importance compared to traditional procurement competencies. FULL ARTICLE From Automation World The trouble with Gen Z and industry As the manufacturing industries continue to face an ongoing worker shortage, addressing Gen Z's concerns about industry could go a long way toward reducing the problem. FULL ARTICLE From Plant Services Podcast: Moving beyond wrench time — how to improve productivity with fewer workers In this episode of Ask a Plant Manager, Joe Kuhn says rather than focus on a specific wrench time goal or number, use it to improve your specific plant. FULL ARTICLE From IndustryWeek With hacks on the rise, manufacturers hone their cybersecurity smarts Cyber-maturity is finally catching up to digital transformation, a new Manufacturers Alliance study finds. FULL ARTICLE From New Equipment Digest Mid-size shop or smaller? Don't discount automation just yet Mentioning automating, robots, or cobots to a small or mid-size job shop owner will likely be met with skepticism and a chorus of "not for me" responses. Here's the truth of the matter and five reasons to reconsider. FULL ARTICLE More from Plant Services How manufacturers can manage AI challenges Deloitte outlines the risk factors for AI adoption and how to reach future success. FULL ARTICLE From Processing Rethinking shutdown, turnaround and outage planning Parts and skilled labor shortages are driving significant changes in the way shutdowns, turnarounds and outages are being planned and executed. FULL ARTICLE Connect With Us This email is being sent to manojdole1.machinist@blogger.com. Please add news.industryweek.com and news.industryweek.com to your address book or safe sender list to receive our emails in your inbox. Unsubscribe | Manage Newsletter Subscriptions | Forward to a Friend | Customer Service Center | Read Privacy Policy If this email was forwarded to you and you are interested in subscribing, please click here to sign-up. If you have trouble with any of these methods, you can reach us toll-free at 800-547-7377. IndustryWeek Endeavor Business Media 30 Burton Hills Blvd., Suite 185 Nashville, TN 37215 Endeavor Business Media Info